CHAPTER 21-53

ACTIONS TO FORECLOSE LIENS ON PERSONAL PROPERTY

21-53-1      Liens subject to foreclosure--Jurisdiction and venue of action.
21-53-2      Description of lien in judgment--Directions for sale of property.
21-53-3      Provisions in judgment for payment and safekeeping of surplus.
21-53-4      Remedy cumulative as to other remedies.




SDLRC - Codified Law 21-53 - ACTIONS TO FORECLOSE LIENS ON PERSONAL PROPERTY

21-53-1Liens subject to foreclosure--Jurisdiction and venue of action.

An action to foreclose a lien on personal property may be maintained by any person having a lien thereon by common law, statute, or contract. The action may be maintained in any court which would have jurisdiction of the amount secured by the lien, and in the county where the personal property or some part thereof is located, or in the county of the residence of the owner of such property.

Source: CCivP 1877, §§ 674, 675; CL 1887, §§ 5496, 5497; RCCivP 1903, §§ 743, 744; RC 1919, §§ 2919, 2920; SDC 1939 & Supp 1960, § 37.3301.




SDLRC - Codified Law 21-53 - ACTIONS TO FORECLOSE LIENS ON PERSONAL PROPERTY

21-53-2Description of lien in judgment--Directions for sale of property.

A judgment in favor of the plaintiff must specify the amount and nature of the lien and direct a sale of the property, or sufficient thereof if the same is divisible conveniently, to satisfy the judgment and costs. It shall direct sale by the sheriff or other proper officer of the court in like manner as when the sheriff sells property under execution, and the application by him of the proceeds of the sale, less his fees and expenses, to the payment of the judgment and costs.

Source: CCivP 1877, § 674; CL 1887, § 5496; RCCivP 1903, § 743; RC 1919, § 2919; SDC 1939 & Supp 1960, § 37.3301.




SDLRC - Codified Law 21-53 - ACTIONS TO FORECLOSE LIENS ON PERSONAL PROPERTY

21-53-3Provisions in judgment for payment and safekeeping of surplus.

The judgment must also provide for the payment of any surplus to the owner of the property, or other person shown to be legally entitled thereto, and for the safekeeping of such surplus, until it is claimed by and paid to the person entitled thereto.

Source: CCivP 1877, § 674; CL 1887, § 5496; RCCivP 1903, § 743; RC 1919, § 2919; SDC 1939 & Supp 1960, § 37.3301.




SDLRC - Codified Law 21-53 - ACTIONS TO FORECLOSE LIENS ON PERSONAL PROPERTY

21-53-4Remedy cumulative as to other remedies.

This remedy shall be cumulative to any other existing right or remedy to foreclose or enforce a lien on personal property.

Source: CCivP 1877, § 675; CL 1887, § 5497; RCCivP 1903, § 744; RC 1919, § 2920; SDC 1939 & Supp 1960, § 37.3301.